First Banking Center in Burlington, Wisconsin (WI)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2010

  • First Banking Center in Burlington, Wisconsin (WI)
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First Banking Center - Overview

  • General
  • FDIC Certificate #: 5287
    Status: Inactive
    Closing history: Absorption - Assisted
    Acquiring institution: Talmer Bank and Trust (#58132)
    Federal Reserve ID: 41647
    Date Established: June 20, 1920
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 16 (Interstate: No)
    OTS Docket #: 10175
    FDIC's unique #: 3555
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 19, 2010
    Last Structure Change Process Date: November 22, 2010
    Last Data Update: November 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 400 Milwaukee Avenue, Burlington, WI 53105
    County: Racine
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Milwaukee
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Metropolitan Statistical Area (MSA): Racine, WI (#6600)
    Consolidated Metropolitan Statistical Area (CMSA): Milwaukee-Racine, WI (#63)
    Combined Statistical Area (CSA): Milwaukee-Racine-Waukesha, WI (#376)
    Core Based Statistical Area (CBSA): Racine, WI (#39540)
    CBSA Metro Statistical Area: Racine, WI (#39540)
  • Financial Summary
  • Total assets: $750.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2009)

  • Dollar figures in thousands
  • 135Total employees (full-time equivalent)
  • $912,354Total assets
  • $74,730Cash and due from depository institutions
  • $54,526Interest-bearing balances
  • $173,706Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $596,152Net loans & leases
  • $23,530Loan loss allowance
  • $0Trading account assets
  • $11,705Bank premises and fixed assets
  • $10,701Other real estate owned
  • $442Goodwill and other intangibles
  • $3,205Life insurance assets
  • $44,918All other assets
  • $912,354Total liabilities and capital
  • $880,424Total liabilities
  • $778,502Total deposits
  • $705,998Interest-bearing deposits
  • $778,502Deposits held in domestic offices
  • 94.20%% insured (estimated)
  • $23,650Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $73,600Other borrowed funds
  • $0Subordinated debt
  • $4,672All other liabilities
  • $31,930Total equity capital
  • $31,930Total bank equity capital
  • $31,930Perpetual preferred stock
  • $0Common stock
  • $866Surplus
  • $19,164Undivided profits
  • Memoranda
  • $11,900Noncurrent loans and leases
  • $72,641Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $55,453Earning assets
  • $1,785Long-term assets (5+ years)
  • $6,410Average Assets, year-to-date
  • $824,384Average Assets, quarterly
  • $96,645Volatile liabilities
  • $938,403Insider loans
  • $926,731FHLB advances
  • $115,656Loans and leases held for sale
  • $5,476Unused loan commitments
  • $73,500Tier 1 (core) risk-based capital
  • $1,919Tier 2 risk-based capital
  • $1,380Total risk weighted assets
  • $72,641Total unused commitments
  • $20,618Restructured Loans and leases
  • $7,939Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $48,217Total interest income
  • $22,665Total interest expense
  • $25,552Net interest income
  • $58,415Provision for loan and lease losses
  • $6,741Total noninterest income
  • $825Fiduciary activities
  • $2,999Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,917Additional noninterest income
  • $24,489Total noninterest expense
  • $7,376Salaries and employee benefits
  • $2,047Premises and equipment expense
  • $15,066Additional noninterest expense
  • -$50,611Pre-tax net operating income
  • $881Securities gains (losses)
  • -$17,514Applicable income taxes
  • -$32,216Income before extraordinary items
  • $0Extraordinary gains - net
  • -$32,216Net income attributable to bank
  • $0Net charge-offs
  • -$32,216Cash dividends
  • $47,791Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.56%Yield on earning assets
  • 2.61%Cost of funding earning assets
  • 2.94%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • -3.49%Net operating income to assets
  • -3.43%Return on assets (ROA)
  • -5.30%Pretax return on assets
  • -58.42%Return on equity (ROE)
  • -58.42%Retained earnings to average equity (YTD only)
  • 6.88%Net charge-offs to loans
  • 122.23%Credit loss provision to net charge-offs
  • 0.16%Efficiency ratio
  • 75,283Assets per employee
  • 6.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.80%Loss allowance to noncurrent loans
  • 42.43%Noncurrent assets plus other real estate owned to assets
  • 7.25%Noncurrent loans to loans
  • 8.95%Net loans and leases to deposits
  • 76.58%Net loans and leases to core deposits
  • 81.65%Equity capital to assets
  • 3.50%Core capital (leverage) ratio
  • 3.76%Tier 1 risk-based capital ratio
  • 5.64%Total risk-based capital ratio
  • Memoranda
  • $7Average assets
  • $938,403Average earning assets
  • $55,148Average equity
  • $867,727Average loans

Total Fiduciary and Related Assets (December 31, 2009)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $119,729Managed Assets
  • 1Number of Accounts
  • $91,972Personal trust and agency accounts
  • $35,896Employee benefit-defined contribution accounts
  • $1,574Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $14,066Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $40,436Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 326Number of Accounts
  • $0Personal trust and agency accounts
  • $14,066Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $27,757Other retirement accounts
  • $1,859Corporate trust and agency accounts
  • $17,627Other fiduciary accounts
  • $8,271Fiduciary accounts held in foreign offices

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